1-718-863-8778 Bronx and I'll assist you to comprehend all the fees and call attention to any mistakes.
1-718-863-8778 There are certain standard expenses associated with closing the sale of a house. These expenses are usually divided between the buyer and seller, as directed in the sales contract. Many are customary, but there are nuances to each, so you'll want a real estate expert in New York to help show you through the deal.
- Points (optional)
- Appraisal Fee
- Credit Report
- Interest Payment
- Escrow Account
- Property Taxes
- Transfer Taxes and Recording Fees
- Homeowners Insurance
- Flood or Quake Insurance (optional)
- Private Mortgage Insurance (PMI) (optional)
- Title Insurance
As we get through the details of your transaction, I'll not only work to get the highest sales price, but I'll also advocate for lower closing costs. And once we've arrived at an agreement, I'll fully explain the closing costs so you are informed of exactly what you're paying for.
If you are purchasing real estate in Bronx County, you will be given a "Good Faith Estimate" (GFE) of closing costs within three days of submitting your loan application. The estimate is based on the loan officer's prior experience and is required to be within a suitable range so you're not surprised when you come to the closing table. I'll be happy to look through the GFE with you, answering your questions and highlighting any estimates that seem off.